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of the hour. dagen: our reaction was, hello. pope benedict xvi shocking the world announcing his resignation. we have a live report from rome. connell: majority of americans think our economy is still in a recession. first on markets now, some currencies for you. ♪ dagen: some really shocking news out of the vatican this morning. pope benedict the 16th is resigning. dennis: the first time a pope will resign in nearly 600 years. >> i do understand that there is an incredible sense of shock here as well. he always indicated he would step down from his position if he became unable to do the job mentally, physically, and that is what he did. people did not see it coming. we have heard from world leaders . it is shocking that pope benedict will be stepping down. this is an unusual event. all sorts of new prophecies will be put into place. there will be a conclave of cardinals and so far, of course, there are already names in terms of potential next pope. it is early to get a sense of how any of them will stand in not running. that is the latest. dagen: thank you so much. it really took our brea
today, pope benedict is promising reverence and obedience to the successor. monday, they get together to set the date for the conclave to choose the next pope. the former prime minister being investigated for allegedly bribing a senator with almost $4 million to switch parties and support him back in 2006. the attorney calling the acquisition groundless, and he and his party came in a close second in this week's lexes that failed to form a new government. bradley manning, the army private charged in the biggest leak of classified material in u.s. history, offers guilty pleas for ten of the 22 charges against him. he would be pleading guilty to sending hundreds of thousands of classified documents to the wikileaks welcomes, and if the judge accepts it, he faces 20 years in prison. those are the latest headlines, back to ashley. ashley: thank you so much. we appreciate that. all right, stock alert. dow hitting session highs adding to gains after the big jumps seen over the past two sessions. 50 points shy of the all-time high. we're on track for all three averages, and that makeses it,
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